Originally posted by redDUST:yeah, i did. i am just having some fun with your moronic statement, but it doesn't mean i want to discuss with you further. you makes no sense after your your litany of trip and stumble with your replies, which ended with you asking me what i my question to you was.
sorry, but i am in no mood for small talks with you.
you have your work cut out for you with your property and stock market discussion, so keep at it.
calling other names is easy, even a 5 year old boy will know how to say fuk you loser
The difficult part is to back up what you said by facts, point by point, and not giving yourself excuses after excuses just to make yourself look smart.
I am surprise that you actually read my discussion on property and stock market. Arent they moronic statement as well?
Originally posted by redDUST:starbucks closing in aussieland is a business decision. it has nothing to do with anz bank faltering or not, or for the matter if australia is staring at an economic meltdown. the starbucks worldwide is going thru' an business upheaval right now and consolidating.
so, for pete sake, don't make yourself a bigger fool by desperately trying to link the 2 sparsely related matter. and for the matter, bring singapore banks into the discussion.
i sincerely hope you are not on the pap's payroll here....
Starbucks is changing it's business style.
In USA.. they are also closing down several stores.
Instead of doing boutique style, they are setting up more counters in grocery stores and departmental stores.
They are merely changing to fit the lifestyles of the locals.
Here, the customers are always on the go.. so all they do is purchase their cups of coffee and drink it while driving , shopping or head off to nearby parks to enjoy their coffee.
The lines are usually long during peak hours.. but seldom do people sit at the tables to finish their purchases.
Originally posted by O o O o:
calling other names is easy, even a 5 year old boy will know how to say fuk you loserThe difficult part is to back up what you said by facts, point by point, and not giving yourself excuses after excuses just to make yourself look smart.
I am surprise that you actually read my discussion on property and stock market. Arent they moronic statement as well?
Geez.. your old nick kena banned again ? Don't you ever learn ?
Originally posted by jojobeach:
Starbucks is changing it's business style.In USA.. they are also closing down several stores.
Instead of doing boutique style, they are setting up more counters in grocery stores and departmental stores.
They are merely changing to fit the lifestyles of the locals.
Here, the customers are always on the go.. so all they do is purchase their cups of coffee and drink it while driving , shopping or head off to nearby parks to enjoy their coffee.
The lines are usually long during peak hours.. but seldom do people sit at the tables to finish their purchases.
Can you then explain why they choose to keep the "boutique style" outlet at the CBDs and not other places?
Is the changes in lifestyle driven by spending power and economy?
Originally posted by O o O o:
Can you then explain why they choose to keep the "boutique style" outlet at the CBDs and not other places?
Is the changes in lifestyle driven by spending power and economy?
Can you explain why so many counters are sprouting up instead of the usual boutique style?
Originally posted by jojobeach:
Can you explain why so many counters are sprouting up instead of the usual boutique style?
Originally posted by O o O:
It is due to economy slow down and a drop in consumer spending power. So Starbucks need to reinvent themselve by coming out with cheaper product mix and reducing operation cost, in order to stay relevant in uncertain times. I hope you are not going to argue that the changes in consumer lifestyle has got nothing to do with the economic slow down.
If that's truly the case.. then why are they still setting up more smaller stores ?
Wouldn't it be more relevant to hold back new setups and capitalize on the more established ones ?
Instead they have plans to open 200 new stores in 2009 and less than 400 in 2010 and 2011.
Originally posted by jojobeach:
If that's truly the case.. then why are they still setting up more smaller stores ?
Wouldn't it be more relevant to hold back new setups and capitalize on the more established ones ?
Its because by setting up smaller stores is a feasibily business and it will help to keep Starbucks BRAND in the market.
The biggest mistake in any F&B company is to believe that what works in the past will continue to work forever. You can see that even Mcdonald has to reinvent themselve with Mc Cafe, and introducing salad in their menu, and Pepsi Co are diverting to other non carbonated business to keep their marketshare.
So, what is your opinon on that?
Originally posted by O o O o:
Its because by setting up smaller stores is a feasibily business and it will help to keep Starbucks BRAND in the market.The biggest mistake in any F&B company is to believe that what works in the past will continue to work forever. You can see that even Mcdonald has to reinvent themselve with Mc Cafe, and introducing salad in their menu, and Pepsi Co are diverting to other non carbonated business to keep their marketshare.
So, what is your opinon on that?
Setting up smaller stores and closing down other stores is 'reinventing" ??..LOL
They can still keep their "BRAND" in the market just by focusing on the stores they already established.
Originally posted by O o O:
It is due to economy slow down and a drop in consumer spending power. So Starbucks need to reinvent themselve by coming out with cheaper product mix and reducing operation cost, in order to stay relevant in uncertain times. I hope you are not going to argue that the changes in consumer lifestyle has got nothing to do with the economic slow down.
So your reason for smaller setup is " due to economy slow down and a drop in consumer spending power."
Then please go and read this article...
Starbucks confirms talks with Target.
This report is dated 2002. Was the economy in bad shape THEN ? NO !
So your economy downturn crap... does not apply . OK ? Good.
Originally posted by jojobeach:Setting up smaller stores and closing down other stores is 'reinventing" ??..LOL
They can still keep their "BRAND" in the market just by focusing on the stores they already established.
Jojo, if you dont have basic knowledge in business studies or marketing, my advice to you is to avoid spreading yourself too thin bcause that wil really expose your weaknesses.
a) Setting up smaller stalls for Starbucks is like comparing running a restaurant (which you own the whole premise) to running a stall in the food court selling similar food. The only difference is that in a resturant, you are expected to pay more for the services and ambient, while in the food court you are only paying for the food.
That JOJO, this is an example reinventing themselves to ensure that their coffee business remain relevent even during the economic slow down.
b) When you claim that they can still keep their "BRAND" in the market just by focusing on the stores they already established, it only goes to show your lack of knowledge in brand building.
When you have lesser stores, you have less channel of communication with your customers, less brand awareness and you will have less product distribution channel. When that happens, you will lose marketshare and destory your brand value.
Originally posted by O o O o:
Jojo, if you dont have basic knowledge in business studies or marketing, my advice to you is to avoid spreading yourself too thin bcause that wil really expose your weaknesses.a) Setting up smaller stalls for Starbucks is like comparing running a restaurant (which you own the whole premise) to running a stall in the food court selling similar food. The only difference is that in a resturant, you are expected to pay more for the services and ambient, while in the food court you are only paying for the food.
That JOJO, this is an example reinventing themselves to ensure that their coffee business remain relevent even during the economic slow down.
b) When you claim that they can still keep their "BRAND" in the market just by focusing on the stores they already established, it only goes to show your lack of knowledge in brand building.
When you have lesser stores, you have less channel of communication with your customers, less brand awareness and you will have less product distribution channel. When that happens, you will lose marketshare and destory your brand value.
Are you kidding me ?
So are you saying the price of a starbucks coffee should be cheaper when you buy from the "smaller" store ??? Since you are not paying for the bigger retail space ? hohoho..
So tell me, what is your understanding of "Branding" ?
So now the closing of stores are not economy related ah ? Wah.. you change your stand very fast leh...
Originally posted by jojobeach:Are you kidding me ?
So are you saying the price of a starbucks coffee should be cheaper when you buy from the "smaller" store ??? Since you are not paying for the bigger retail space ? hohoho..
So tell me, what is your understanding of "Branding" ?
So now the closing of stores are not economy related ah ? Wah.. you change your stand very fast leh...
Starbucks is already a branded coffee... But what are the chances that if you wanted to drink from Starbucks and you're in Pasir Ris while the store is in Jurong?
By upp-ing more stores all over the place and in this case capitalising on the market where they is a constant traffic(Supermarket) it captures the market, imbueing a stronger "on-the-go" coffee movement. You may get a drink and what better than a coffee bean while grocery shopping
While for the price variance, some strings of shops do differ prices from location to location due to the rental differences, but some do not have to. Usually the factors to consider would be outbound franchise or inhouse franchise shops. In-house franchise would most likely be able to absorb the price indifference due to the increased traffic from the location of the shop as well as over-all profits from branding due to the what can be described as a pseudo-omnipresence. Whereas in the reversed position due to branding or specialty, the coffee might invite standard prices.
The hypothesis for CBD shops would be it serves as a meeting place between for business enterprise representatives and clients(hypothically speaking). As well as a overall well-balanced traffic due to the location. Also consider that employees do not actually pay for the purchases(claimable) in some of the cases thus the increased spending power(also consider the affluence of the office working class).
And there is no need to debate about these, I'm sure coffee bean has consulted analysts(be it inhouse or external parties) and concluded that this would prove to be beneficial, while it might not yield good rewards or even losses, it is a analysed decision that should be well-backed and propose to the related parties before it is implemented.
Abit fuzzy when I wrote this, will check later
Originally posted by Gosu.:
Starbucks is already a branded coffee... But what are the chances that if you wanted to drink from Starbucks and you're in Pasir Ris while the store is in Jurong?By upp-ing more stores all over the place and in this case capitalising on the market where they is a constant traffic(Supermarket) it captures the market, imbueing a stronger "on-the-go" coffee movement. You may get a drink and what better than a coffee bean while grocery shopping
While for the price variance, some strings of shops do differ prices from location to location due to the rental differences, but some do not have to. Usually the factors to consider would be outbound franchise or inhouse franchise shops. In-house franchise would most likely be able to absorb the price indifference due to the increased traffic from the location of the shop as well as over-all profits from branding due to the what can be described as a pseudo-omnipresence. Whereas in the reversed position due to branding or specialty, the coffee might invite standard prices.
The hypothesis for CBD shops would be it serves as a meeting place between for business enterprise representatives and clients(hypothically speaking). As well as a overall well-balanced traffic due to the location. Also consider that employees do not actually pay for the purchases(claimable) in some of the cases thus the increased spending power(also consider the affluence of the office working class).
And there is no need to debate about these, I'm sure coffee bean has consulted analysts(be it inhouse or external parties) and concluded that this would prove to be beneficial, while it might not yield good rewards or even losses, it is a analysed decision that should be well-backed and propose to the related parties before it is implemented.
Abit fuzzy when I wrote this, will check later
Saturated.
Cannibalizing.
Price control.
Under-cutting.
High human density.
Not coffee bean.. it's starbucks, it's ok..
Market survey.
Beer ?
Originally posted by jojobeach:Are you kidding me ?
So are you saying the price of a starbucks coffee should be cheaper when you buy from the "smaller" store ??? Since you are not paying for the bigger retail space ? hohoho..
So tell me, what is your understanding of "Branding" ?
So now the closing of stores are not economy related ah ? Wah.. you change your stand very fast leh...
Jojo, lets settle the property issue in the other thread here before we continue with this one.
As for your above question, the answer is obvious, all you need is some common sense.
Originally posted by O o O o:
Jojo, lets settle the property issue in the other thread here before we continue with this one.
As for your above question, the answer is obvious, all you need is some common sense.
So you have a one track mind eh ?
Uh huh.. common sense... obviously.. you lack it.
Originally posted by jojobeach:
Starbucks is changing it's business style.In USA.. they are also closing down several stores.
Instead of doing boutique style, they are setting up more counters in grocery stores and departmental stores.
They are merely changing to fit the lifestyles of the locals.
Here, the customers are always on the go.. so all they do is purchase their cups of coffee and drink it while driving , shopping or head off to nearby parks to enjoy their coffee.
The lines are usually long during peak hours.. but seldom do people sit at the tables to finish their purchases.
reckon starbucks needs the customers churns/turnover to reinvigorate the business.
also, dunkin' donuts and mccafe is eating into their share with similar business model states-side.
however, i do think that they expanded too fast too soon. near my beijing office in guo-mao, there are 3 starbucks within a 200m radius. it baffles me. in china, a venti latte and a sandwich costs almost s$10, pretty ex for my breakfast when i go work there a few times a year.
Originally posted by redDUST:
reckon starbucks needs the customers churns/turnover to reinvigorate the business.also, dunkin' donuts and mccafe is eating into their share with similar business model states-side.
however, i do think that they expanded too fast too soon. near my beijing office in guo-mao, there are 3 starbucks within a 200m radius. it baffles me. in china, a venti latte and a sandwich costs almost s$10, pretty ex for my breakfast when i go work there a few times a year.
China is not a free port like Singapore, they impose duties on imports.
Originally posted by maurizio13:
China is not a free port like Singapore, they impose duties on imports.
yes, i realize that. 17% vat for inbound goods.....
Originally posted by redDUST:yes, i realize that. 17% vat for inbound goods.....
i think the high price that Starbucks charges there could contain elements of bribery inside.
my friend just started a restaurant there, had to pay some of the officials to run some power cables for the restaurant oven.
Originally posted by jojobeach:So you have a one track mind eh ?
Uh huh.. common sense... obviously.. you lack it.
We see that troll trying to bring an unrelated thread into this topic. He does that so many times that I guess we all lost count.
Back to topic: How often do you really drink Starbucks? I don't. And only drank one cup of coffee bean coffee in the past 1.5 years.
To me, such coffee are luxury goods; there's no necessity to drink them when you can get much cheaper ones if you need some coffee fix.
In the past, before bonvest sold off Starbucks back to Starbucks International, I can tell you most of the stores don't make profits, some even have losses. The reason why they kept opening up stores after stores is because under their franchising agreement, they need to open like 40 or 50 stores in 2 years, else they lose their franchise rights.
Folks on the outside seeing so many stores opening thought that it must be extremely profitable.
Originally posted by maurizio13:In the past, before bonvest sold off Starbucks back to Starbucks International, I can tell you most of the stores don't make profits, some even have losses. The reason why they kept opening up stores after stores is because under their franchising agreement, they need to open like 40 or 50 stores in 2 years, else they lose their franchise rights.
Folks on the outside seeing so many stores opening thought that it must be extremely profitable.
Don't usually see people buying much from starbucks
The main reason might be because of the weather in Singapore. In Germany or any other European countries, the external temperature is usually very cooling. It is indeed a pleasure to buy a nice cup of hot coffee or tea, and sit outside the cafe, enjoying the cool breeze, the warm sun and the sight and view of people walking around doing their daily things.
Originally posted by maurizio13:
i think the high price that Starbucks charges there could contain elements of bribery inside.my friend just started a restaurant there, had to pay some of the officials to run some power cables for the restaurant oven.
yes, in china, this is still rampant leh.....money ABSOLUTELY talk there. when one opens his/her eyes there to start the day, they crack their brain on how to make a quick buck for the day.
Originally posted by eagle:Don't usually see people buying much from starbucks
The main reason might be because of the weather in Singapore. In Germany or any other European countries, the external temperature is usually very cooling. It is indeed a pleasure to buy a nice cup of hot coffee or tea, and sit outside the cafe, enjoying the cool breeze, the warm sun and the sight and view of people walking around doing their daily things.
I remembered when they open their flagship store in Liat Towers, there was like long queue everday. But I guess with the passage of time, the novelty wears off and moreover there are more coffee chains competing for the same piece of pie now.
Starbucks used to pay premium per hour rates for her frontline staff, think it was about $6.50 an hour (or was it $7.50 after laundry encashment). But these days the rates is slightly better than McDonalds.